For some time I’ve been wondering how long our current economic system can continue as it is based on scarce money (or better: interest bearing debt), the repayment of which necessitates perpetual growth and leads us to believe we’re separate from each other and that we have to compete for this scarce money. There are several authors who are pointing this out as well, like Mark Boyle and Charles Eisenstein (www.charleseisenstein.net) for instance. Since the beginning of this century, money has been even further disconnected from the real world as it ever had been. It’s numbers on a computer at a bank and some tangibles like slips of paper and metal coins with symbols on it that do magic to the otherwise relative worthless paper and metal. And the funny thing is: we all agree to it. We all play along with the money game and are all howling at the Euro crisis with every government in Europe fearing for a worsening of it and for their country slipping into a recession. That triggers panic in the political decision-making centers. If the number of paid transactions decreases and possibly (their average price level too) it is feared that eventually the economy will collapse. Well, yeah, if we continue to believe money is the only thing that matters in a human life, it may so happen and we’ll all end up hungry, cold, miserable and grumpy. To put it mildly.
A recession is a decrease in the number of paid transactions form one period to the previous. OK, technically speaking, this has to happen two quarters in a row. I am aware that wealth is not evenly distributed around the planet and that there still is poverty around the globe. But what use is it for those in the “developed” world to get more stuff? More stuff doesn’t make us happier or having more fulfilled lives. More stuff primarily seems to be driving forces in our society who need the power that comes with accumulating money. Big corporations, all kinds of institutions, the state itself….
I do not have clear view on what exact path will be followed by the change that is increasingly taking place but it seems to me we have to get used to having and acquiring less stuff. I’m not saying we should become poor and wait out our time because that won’t help anybody. But what WILL we be doing all day? Some say we’ll spend more time growing and producing our food, which will be of a higher quality than the mass-produced, chemically intoxicated waste we drop dow our digestive tracts right now. And that would be one condition for a higher state of awareness. This is one thing I can see happening: the world as one global, inclusive community, with on average a (much) higher level of consciousness. Hence I choose to believe that eventually, in the new cosmic era (Aquarius/Leo) the world will be flat. Or as Charles Eisenstein puts is in chapter 11 of his book Sacred Economics (www.sacred-economics.com)
“In this chapter I will refer to “government” in the context of currency issue, but keep in mind that like all of our institutions, government is going to change dramatically in coming years. Ultimately, I envision decentralized, self-organizing, emergent, peer-to-peer, ecologically integrated expressions of political will. Parallel to this, I envision an ecology of money as well, an economic system with many complementary modes of circulation and exchange. Among them will be new extensions of the gift, freeing work from compulsion and guaranteeing the necessities of life to all.”
What fascinates me how we are going to get there and what changes we have to incur in our thinking about everything but about economics in particular. How can we make sure we make his shift, by not staying stuck in the current political and economical debate that is ruled by fear. And how can we make this shift in a safe and peaceful way?
What do you have to say about this?
Love and Blessings,